The Ultimate Software Group (ULTI) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of The Ultimate Software Group (NASDAQ: ULTI) in the last few weeks:

  • 8/9/2017 – The Ultimate Software Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/8/2017 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $216.00 price target on the stock, down previously from $233.00.
  • 8/8/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $225.00 price target on the stock, down previously from $240.00.
  • 8/2/2017 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $245.00 price target on the stock, down previously from $260.00.
  • 8/2/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 8/2/2017 – The Ultimate Software Group had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $203.00 price target on the stock, down previously from $215.00.
  • 8/2/2017 – The Ultimate Software Group was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $210.00 price target on the stock, down previously from $230.00.
  • 8/2/2017 – The Ultimate Software Group had its price target lowered by analysts at Royal Bank Of Canada from $233.00 to $216.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – The Ultimate Software Group had its price target lowered by analysts at Canaccord Genuity from $240.00 to $225.00. They now have a “buy” rating on the stock.
  • 8/1/2017 – The Ultimate Software Group had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $200.00 price target on the stock, down previously from $220.00. They wrote, “We await commentary on the call regarding the quarter’s performance.””
  • 7/31/2017 – The Ultimate Software Group had its price target raised by analysts at Roth Capital from $254.00 to $280.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $235.00 price target on the stock.
  • 7/27/2017 – The Ultimate Software Group was given a new $255.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 7/22/2017 – The Ultimate Software Group had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $250.00 price target on the stock.
  • 7/3/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Credit Suisse Group.
  • 6/30/2017 – The Ultimate Software Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/28/2017 – The Ultimate Software Group was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software’s fully integrated, award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively, benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal, providing access to value-added resources via the Internet. “
  • 6/26/2017 – The Ultimate Software Group is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $240.00 price target on the stock.
  • 6/26/2017 – The Ultimate Software Group had its “overweight” rating reaffirmed by analysts at Pacific Crest. They now have a $255.00 price target on the stock, up previously from $240.00.
  • 6/24/2017 – The Ultimate Software Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/13/2017 – The Ultimate Software Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at 189.54 on Friday. The stock’s 50 day moving average is $214.44 and its 200-day moving average is $205.84. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. The firm has a market cap of $5.64 billion, a PE ratio of 195.60 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $228.02 million. During the same quarter last year, the company earned $0.76 EPS. The Ultimate Software Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts predict that The Ultimate Software Group, Inc. will post $3.53 EPS for the current fiscal year.

In other news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the completion of the sale, the vice president now owns 78,633 shares in the company, valued at $15,757,266.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $924,399.07. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $3,005,850. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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